26 March 2001 00:00 [Source: ACN]
Ube Industries expects a decision to be reached by end-August on whether or not its shares in Grand Polymer will be bought by joint-venture partner Mitsui Chemicals, a source close to Ube said.
Grand Polymer is a 33:67 PP joint venture between Ube and Mitsui Chemicals.
Grand Polymer has a total PP output of 700 000 tonne/year from seven wholly-owned plants in Chiba, Sakai and Takaishi.
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